IndiaFirst Life Insurance inaugurates its New Branch in Chandigarh

July 10, 2018 06:33 PM

Chandigarh, July 10, 2018: IndiaFirst Life Insurance Company Limited, one of India’s youngest and fast growing insurers and a joint venture between Bank of Baroda, Andhra Bank and Legal & General, UK, inaugurated its new branch in Chandigarh, today. The branch was inaugurated by Ms. RM Vishakha, MD & CEO, IndiaFirst Life Insurance.

Ms. RM Vishakha, Managing Director & CEO, IndiaFirst Life Insurance Co. Ltd. said, “We are delighted to launch a branch in Chandigarh, a high potential business hub for IndiaFirst Life and its partner banks. At IndiaFirst Life, in addition to our physical branches, we can prospect and service customers at all bank branches and through any device with access to the internet. This branch further fortifies our presence and brings us one step closer to our customers.”

IndiaFirst Life Insurance offers wide suite of products to address the specific needs of protection, retirement, savings and wealth creation. “Our core strategy is to keep up the growth rate through strong client relationships, focused product development and leveraging technology for process enhancement.” She added.

Through the network of its shareholder distributors Andhra Bank and Bank of Baroda, IndiaFirst Life has a presence in over 1,000 cities and towns across the country through 10,000+ points of sale.

Headquartered in Mumbai, IndiaFirst Life Insurance, with a paid-up share capital of INR 625 crore, completes 8 successful years of operations. It is promoted by two of India's largest public-sector banks - Bank of Baroda and Andhra Bank along with UK's leading risk, wealth and investment company Legal & General. Bank of Baroda holds a 44 percent stake in IndiaFirst, while Andhra Bank and Legal & General hold a 30 percent and 26 percent stake respectively. IndiaFirst differentiates itself through adoption of latest technology to provide customer-oriented solutions. Today, IndiaFirst Life is present in over 1,000 cities and towns across the country through 10,000+ points of sale. The company has garnered over INR 12,622 crore of assets under management (AUM), as on March 31, 2018.

For further display of news in English with photographs in JPG file on "indianewscalling.com"